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New challenging issues for world trade and the world economy Strategies for the EC-Turkey Custom Union

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  • Patrick Messerlin

    (GEM - Groupe d'économie mondiale - Sciences Po - Sciences Po)

Abstract

The recent crisis has deeply changed the environment in which the EC-Turkey Custom Union (ECT) will develop. The world trade in goods was experiencing its worst collapse in almost a century (a fall of 20 percent in volume in one year, twice more than in 1929-30 for the same time lapse) but it looks also faster back on track. Meanwhile, trade in some services (telecoms, insurance, etc.) has been resilient to the crisis, even during its peak, while trade in the other services (transportation, tourism, etc.) has been hurt, though less than trade in goods (...).

Suggested Citation

  • Patrick Messerlin, 2010. "New challenging issues for world trade and the world economy Strategies for the EC-Turkey Custom Union," Sciences Po Economics Publications (main) hal-00972937, HAL.
    • Handle: RePEc:hal:spmain:hal-00972937
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-00972937
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    References listed on IDEAS

    as
    1. Patrick A. Messerlin, 2001. "Measuring the Costs of Protection in Europe: European Commercial Policy in the 2000s," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 102, October.
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